As mentioned above, DWOQ readers and referrals receive at least a $200 bonus when they refinance, but more importantly, borrowers who use our link are entitled to a FREE consultation with a DWOQ Advisor to review the offer with you and discuss ALL your options in detail… AT NO COST TO YOU.
But if you’re unsure if refinancing is suitable, which I expect many of you may be, we recommend conducting a FREE Refinancing Suitability Analysis to weigh your options in advance of applying. If we determine refinancing is suitable, we’ll serve as your advocate to streamline the application process, apply leverage where applicable, and you’ll get that $200 bonus for working with us. It’s really a no-brainer.
'til DEBT do us part,
Doctors Without Quarters, LLC
June, 2018: Over the past year, we've helped thousands of recent medical graduates determine if refinancing their loans DURING training is suitable. Generally, because most teaching hospitals are non-profit organizations (therefore qualify you for forgiveness through PSLF) and payment relief is needed, the answer is no... but there are cases where it IS appropriate to take advantage of lower rates in the private marketplace while it's competitive. While we’ve seen a few entrants come into the resident refi space (and go) in recent years, there are two established players who will offer rates as low as 25 basis points above attending rates with up to 4 1/2 years of $100 monthly payments: Sofi and Laurel Road (formerly DRB). You can access their links through DWOQ's partnership which will provide you with at least a $200 welcome bonus if you refinance:
Because you've likely heard about these lenders or heard from them directly, I wanted to revisit the considerations that EVERY resident with student loan debt should examine before they refinance with a private lender. This is an irreversible action, so be sure you understand the below in detail before you proceed: